eyeglaskid

Gleam of carbon, sweet smell of leather and the engine whine...

This is how I go to sleep and what motivates me to wake up.

I have 2 options, work harder and make more money, or wait for the price to drop. Either way I will get one. Do you see major devaluation in the future? There seems to be no grey area with this car, you either love it to a fault, or you hate its exsistance. Does this affect its future cost?

The flood gates are officially open..

Sami.

Sean

All cars depreciate, so I say that values will fall below $200k.

That said, over time (say, 25 years) these CGTs may appreciate.

See, generally, the 550 Spyder. Only 90 of Type 550 built, then an additional 55 of 550A. They were available dirt cheap in the 1960s and 70s, then values began to climb.

PogueMoHone

It's best to think of the CGT as a "disposable" (as in throw away car).

If you love the car, buy it, keep it and forget about values. Future resale on these cars will probably tank due to the high potential cost of maintenance and repairs.

Consider, with a 4 year warranty, there are already concerns about maintenace costs, valve adjustments, etc. which require special handling. The lack of a warranty will exacerbate those concerns.

In the $200+K segment there always will be plenty of alternatives, with "approaching" performance, and without the "used" headaches...a further depressant on value.

So try and buy one new for about $375K and then promptly forget about what it did, or will cost, and enjoy a great car.

tqtran

With inflation and a limited run super car, I doubt it will ever fall below $200K. Prime example: the 959.

eyeglaskid

But dont you think general perception of potential buyers is not good? I know 2 people who bought a CGT and then sold it a month later. wont this contribute to future prices?

centerpunch

200 959's were made (I think).

1250 CGT's is very different. I'd expect depreciation.

JS

It will depreciate more but I wouldnt count on under $200k anytime soon.

Sloth

Thats very true, got to take production numbers into account.

IMHO... Short term I expect them to depreciate. Long term I expect them to stabilize and possibly appreciate as more of them wind up in the hands of collectors. I think the same would be true for other limited production Pcars like the GT3 and GT2 as they were all produced in similar quantities.

TT Surgeon

I think in 4-5 yrs the values will tank due to high maintenance costs and overproduction. In fact I don't see porsche even making them much beyond 2006. remember the 959 is truely a limited production supercar(for it's day), but one that could be maintained without a second mortgage.

Sean

I believe the final CGT is scheduled to be built this autumn (in fact, production may already have ceased).

The general consensus seems to be that Porsche got a little greedy and imported a LOT more into the US than first announced.

TT Surgeon

I understand that they can't even import the '06 due to airbag problems.

Nick

DOT has mandated 2 stage airbags for all 2006 models. Porsche opted not to comply and as a result will not sell any 2006's in the US. The still can sell the car in the ROW IF they had buyers.

Regarding falling below $200,000,Sami you can dream of owning one but it is even a bigger dream to find one below $200,000 for the foreseeable future. The car attracts a very limited clientele who are enthusiastic about their ownership and most will not put the car up for sale(assuming there was a market for it). To pry from them will require a little more money.

BTW does anyone know what is happening to CGT prices in Europe and the ROW? Is there a demand for the car?

kurt M

Just count on spending $300,000+ and having it not be a lot of money some day. $6000 used to get you a top of the line Caddy in the 60s. Now you need 10 times that but most folks earn 10 time what they did in the 60s.

Mosi

CGT's are already hitting around £190/200k in the UK (£350k new), so prices are already tumbling somewhat.

I very much doubt they will drop as low as $200 (£111k) though.

m21sniper

Most cars depreciate, not all cars.

I can give examples of cars that started appreciating the day they were sold(though not many, lol).

The Buick GNX is one such example(only 499 sold to the public in 1987).